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By Dakin Campbell, Bloomberg |
October 16, 2012
Wells Fargo & Co., the biggest U.S. home lender, is restructuring sales and trading operations to form a new markets division at its investment bank as the firm challenges more established Wall Street rivals.
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By Nina Mehta, Bloomberg |
August 23, 2012
Citigroup Inc., whose market-making unit suffered millions of dollars of losses trading Facebook Inc. in its public debut, urged U.S. regulators to reject Nasdaq OMX Group Inc.’s proposal to make up for its errors.
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By Nandini Sukumar, Bloomberg |
August 9, 2012
E*Trade Financial Corp., a brokerage that came under pressure from its biggest shareholder to seek buyers, said Chief Executive Officer Steven J. Freiberg has left the company and its board is looking for a new leader.
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By Inyoung Hwang and Stephanie Ruhle, Bloomberg |
August 8, 2012
Knight Capital Group Inc. Chief Executive Officer Thomas Joyce estimated last week’s trading loss will be $270 million after taxes and told clients the firm is “in good standing” with clearinghouses.
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By Nina Mehta, Bloomberg |
June 7, 2012
Nasdaq OMX Group Inc.’s plan to earmark $40 million for brokers whose orders were mishandled in Facebook Inc.’s initial public offering will hurt competition, according to NYSE Euronext.
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By Nina Mehta, Bloomberg |
June 6, 2012
Nasdaq OMX Group Inc.’s board approved a plan to compensate brokers whose orders were mishandled in Facebook Inc.’s initial public offering, earmarking about $40 million to cover losses.
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By Saijel Kishan, Bloomberg |
May 24, 2012
Citadel LLC, the investment firm run by Ken Griffin, lost as much as $35 million on Facebook Inc. trades in a $1 billion hedge fund, according to a person with knowledge of the matter.
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By Silla Brush, Bloomberg |
March 20, 2012
The U.S. Commodity Futures Trading Commission has completed Dodd-Frank Act rules requiring swaps brokers to decide within minutes whether to clear a trade.
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By Daniel P. Collins |
April 8, 2011
Did you ever have a friend who is in the know of what “everybody” or “they” say? You know the type. People who like to ...
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By Ginger Szala |
February 4, 2011
In the year 2010, ground-breaking legislation was passed by Congress that would curb transgressions that helped cause the 2008 financial crisis. Also in 2010, mid-term ...
